Posts Tagged ‘van contract hire’


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Honda reopens Swindon factory

Thursday, August 27th, 2009

Thousands of workers at Honda’s Swindon factory have returned to work after the troubles of the car industry forced its closure four months ago. All 3,400 of the returning workers will be taking a pay cut until 2010 but are pleased that their jobs are finally guaranteed after spending the last four months worrying about the possibilities.

The factory was forced to close while the company decided on the best way of dealing with the problems caused by the global recession and the effect the economic downturn has had on the number of car sales and contract hire agreements. The motoring industry has been hit hardest of all and almost all car manufacturers are having difficulty staying afloat, but Honda’s experience could serve as a good example to the other brands still hanging in the balance. Their decision to temporarily close the Swindon factory has allowed them time to make important decisions about the future of the business as well as perform long-planned maintenance work. During the four months downtime the production lines were stripped down and rebuilt, and the entire plant was redecorated, wherever possible using existing employees with the relevant specialist skills or training. 

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Takeover could mean cutbacks for Vauxhall

Friday, August 7th, 2009

Thousands of jobs in the UK are under threat over the recent collapse of American car manufacturing giant General Motors (GM). The company has filed for bankruptcy in the US, causing uncertainty for all its workers about their future with the company. GM Europe, which consists of UK brand Vauxhall and the German Opel, has been bought out by Canadian car parts company Magna International.  But although this means that both the British and German brands will continue production, a fall in demand for car sales and car leasing deals could mean that Magna will be making significant job cuts.

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Does the General Motors bankruptcy mean everything will change?

Friday, August 7th, 2009

General Motors, one of the largest car manufacturers in the world, has filed for bankruptcy protection in America. For as long as cars have been around, General Motors (GM) has been one of the big three car manufacturers in America and one of the largest in the world. Now the car industry is on its knees, and two out of the three big American car giants have already been forced to ask the government for protection from their creditors. But what effect will this all have on us?

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